Finalists

DUTY AND DIGNITY IN FINANCE

Despite economic and social progress globally, there remain persistent humanitarian and development challenges, exacerbated by prolonged crises, climate change and rising inequality. Islamic Finance provides a shared foundation of social and economic justice, through inclusive participation and risk sharing principles that can bridge the SDG financing gap and support crisis affected communities, many from OIC member countries. The IFRC has therefore embarked on an unprecedented explora¬tion by collaboratively structuring Islamic social finance experiments across countries, with fintech as a key enabler for improved efficiencies and transparency. We seek to demonstrate how duty and dignity in financing can support humanitarian needs and address develop¬ment challenges. We also hope to shift the narrative and demonstrate real impact at scale for the application of Islamic Social Finance.